Real estate blog entries tagged with foreclosure by Cheryl Hale - South Florida Mortgage Lady (Boca Raton Mortgage Broker)

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Home : Blogs : Cheryl Hale - South Florida Mortgage Lady : South Florida Mortgage Lady : Tag "foreclosure"

foreclosure: Foreclosure is Not the Only Option if You Can't Make Your Mortgage Payments - 01/16/08 11:59 AM

This post was inspired by a comment from Alex regarding my post Borrowers Don't Wait for the Well to Run Dry. That post discusses some changes in mortgage underwriting guidelines and how it is getting more difficult for borrowers to qualify for a mortgage."Well it is sure the trends show that it is going to harder for the consumers to cover the requirements but what happens with those who didn't make their payments. Those who failed at a certain point. They loose their home?"Alex,You are correct about the trends. Lenders are being much more cautious.
You've asked an excellent question that I am … (10 comments)

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Cheryl Hale - South Florida Mortgage Lady

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